Yet another DeFi protocol has been tampered by hackers, who, in the last couple of months, have succeeded in breaching security of many other protocols. This time, polcadot’s Alcala becomes the victim.
AUSD falls to lowest point as Acala remains under threat
Polkadot’s decentralized finance network hosting the aUSD ecosystem, revealed via their official Twitter handle, that operations have been halted, following the rise of “configuration issues” on the network.
The tweet, which has since left users of the platform in panic reads
“We have noticed a configuration issue of the Honzon protocol which affects aUSD. We are passing an urgent vote to pause operations on Acala, while we investigate and mitigate the issue. We will report back as we return to normal network operation.”
It appears that upon gaining access to the network, the hackers issued over 1.2 billion aUSD. This caused the asset to immediately drop by 70%. At the time of this report, aUSD is still nurturing losses, as market sentiments remain highly bearish.
